iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) Reaches New 12-Month High – Here’s Why

iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) reached a new 52-week high during trading on Friday . The stock traded as high as $83.14 and last traded at $83.14, with a volume of 498723 shares. The stock had previously closed at $83.07.

iShares 1-3 Year Treasury Bond ETF Price Performance

The stock has a market cap of $24.31 billion, a PE ratio of 3,747.73 and a beta of 0.05. The stock’s fifty day moving average is $82.87 and its 200-day moving average is $82.88.

iShares 1-3 Year Treasury Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were issued a dividend of $0.25 per share. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Harbor Investment Advisory LLC boosted its position in iShares 1-3 Year Treasury Bond ETF by 16.7% during the third quarter. Harbor Investment Advisory LLC now owns 45,086 shares of the company’s stock worth $3,740,000 after purchasing an additional 6,436 shares in the last quarter. First Horizon Corp acquired a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 3rd quarter worth approximately $2,116,000. Cadence Wealth Management LLC purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 3rd quarter valued at approximately $5,524,000. Childress Capital Advisors LLC purchased a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 3rd quarter valued at approximately $896,000. Finally, JARISLOWSKY FRASER Ltd grew its stake in iShares 1-3 Year Treasury Bond ETF by 66.9% in the 3rd quarter. JARISLOWSKY FRASER Ltd now owns 41,528 shares of the company’s stock valued at $3,445,000 after acquiring an additional 16,647 shares during the period. 23.15% of the stock is currently owned by institutional investors and hedge funds.

iShares 1-3 Year Treasury Bond ETF Company Profile

The iShares 1-3 Year Treasury Bond ETF (SHY) is an exchange-traded fund that is based on the U.S. Treasury 1-3 Year index. The fund tracks a market weighted index of debt issued by the US Treasury with 1-3 years remaining to maturity. Treasury STRIPS are excluded. SHY was launched on Jul 22, 2002 and is managed by BlackRock.